(i)
Obligations issued, or fully insured or guaranteed as to the payment of
principal and interest, by the United States of America, an agency thereof or a
United States government sponsored corporation.
(ii)
Obligations issued or fully guaranteed by the International Bank for
Reconstruction and Development, the Inter-American Development Bank, the Asian
Development Bank, and the African Development Bank.
(iii)
Obligations partially insured or guaranteed by any agency of the United States
of America, at a proportion of the market value of the obligation that
represents the amount of the insurance or guaranty.
(iv)
Obligations issued or fully insured or guaranteed by the State of New York,
obligations issued by a municipal corporation, school district or district
corporation of such state or obligations of any public benefit corporation
which under a specific state statute may be accepted as security for deposit of
public moneys.
(v)
Obligations issued by states (other than the State of New York) of the United
States rated in one of the three highest rating categories by at least one
nationally recognized statistical rating organization.
(vi)
Obligations of Puerto Rico rated in one of the three highest rating categories
by at least one nationally recognized statistical rating organization.
(vii)
Obligations of counties, cities and other governmental entities of a state
other than the State of New York having the power to levy taxes that are backed
by the full faith and credit of such governmental entity and rated in one of
the three highest rating categories by at least one nationally recognized
statistical rating organization.
(viii)
Obligations of domestic corporations rated in one of the two highest rating
categories by at least one nationally recognized statistical rating
organization.
(ix)
Any mortgage related securities, as defined in the Securities Exchange Act of
1934, as amended, which may be purchased by banks under the limitations
established by bank regulatory agencies.
(x)
Commercial paper and bankers’ acceptances issued by a bank, other than the
bank, rated in the highest short-term category by at least one nationally recognized
statistical rating organization and having maturities of not longer than 60
days from the date they are pledged.
(xi)
Zero coupon obligations of the United States government marketed as “Treasury
strips”.
